Monday, October 12, 2020

Is White Collar Corruption the New Normal?

Fitzgerald got it right. The rich are different. Even in the way they commit crimes.

Law and order phrases are shouted from rooftops with respect to street crime, as small time criminals are abused by law enforcement and often overcharged. The reality is that crimes of much bigger significance, and many more victims, are committed in and from the boardroom.

While anger is still palpable in many places over those executives not not charged as for their role in the 2008/2009 financial meltdown, many smaller but similar white collar crimes have been committed with no oversight, no punishment and not even any more anger.

Has high end while collar crime simply become an acceptable cost of doing business? Has it become the collateral damage of capitalism that we are willing to accept? This is where Jennifer Taub takes us in Big Dirty Money: The Shocking Injustice and Unseen Cost of White Collar Crime.

My conversation with Jennifer Taub: